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Under Trump Appointee, Customer Security Agency Viewed Assisting Payday Lenders

Under Trump Appointee, Customer Security Agency Viewed Assisting Payday Lenders

Mick Mulvaney, a previous republican lawmaker and present White Household budget chief, is additionally chosen as interim mind of this customer Financial Protection Bureau. Astrid Riecken/Getty Photos Philadelphia bad credit payday loans no credit check hide caption

Mick Mulvaney, a previous republican lawmaker and present White House spending plan chief, has also been selected as interim mind for the customer Financial security Bureau.

Payday loan providers may actually have effective buddy in Washington.

Former Republican Rep. Mick Mulvaney may be the head that is interim of customer Financial Protection Bureau. He had been appointed by President Trump amid a continuous a charged energy challenge for control of the bureau.

Watchdog groups is up in arms because, under Mulvaney, the CFPB has put in hold a rule that will limit payday lenders and their loans that are high-interest-rate. Read more